🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
1
answer
0
watching
125
views

Which of the following is predicted to deliver a Third Industrial Revolution characterized by low production and transportation costs?

  New technology in additive manufacturing.
  New technology in energy production involving fusion reactors.
  Significant decreases in petroleum prices with the discovery of new oil fields and new extraction techniques.
  New transportation technology involving anti-gravitational fields.

Watch
1
answer
0
watching
125
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

1. Which of the following is an example of the source function of the environment?

A. Trees absorb some of the carbon dioxide emitted by human activity

B. Wetlands reduce the pollution levels in water

C. Winds carry air pollution away from a city

D. Humans harvest fish from the oceans

E. Bacteria break down discarded wastes

2. What is the primary external input into the broader ecological circular flow model?

A. Pollution

B. Solar energy

C. Fossil fuels

D. Geophysical cycles

E. Factors of production

3. What is the key reason that Malthusian predictions have not come true so far?

A. Increasing productivity per capita

B. Increasing population

C. Increasing natural capital

D. Increasing population density

E. Definition of property rights

4. Which one of the following statements is true regarding the rate of global population growth over the last 40 years?

A. Population has grown at a faster rate than agricultural production and energy use

B. Population has grown faster than energy use but not agricultural production

C. Population has grown faster than agricultural production but not energy use

D. Population, energy use, and agricultural production have all grown at about the same rate

E. Population has grown at a slower rate than agricultural production and energy use

5. Which one of the following is not a possible way to internalize externalities?

A. Eliminate government intervention

B. Raise taxes

C. Create subsidies

D. Create a system of tradable permits

E. Create new regulations

6. The efficient price of a license fee is determined by the difference between ...

A. Marginal revenue and marginal cost

B. Average revenue and marginal cost

C. Total revenue and total cost

D. Average revenue and total cost

E. Total revenue and marginal cost

7. Valuing environmental services based on estimating the value of different characteristics of market goods is called ...

A. Travel cost method

B. Contingent valuation

C. Hedonic pricing

D. Production function valuation

E. Avoided cost valuation

8. Which one of the following statements about national accounting is false?

A. Gross National Product does not account for natural capital depreciation

B. Net investment is gross investment minus depreciation

C. Capital depreciation accounts for wearing-out of human-made capital over time

D. A negative net investment implies a decline in national wealth

E. Net National Product does not account for capital depreciation

9. User costs will be incorporated into a market if ...

A. Interest rates are positive

B. Discount rates are zero

C. Resource owners foresee future shortages

D. Government intervention is eliminated

E. Discount rates are positive

10. Hotelling’s rule states that...

A. The net price of a resource is constant

B. The net price of a resource rises at a rate equal to the interest rate

C. The net price of a resource declines at a rate equal to the interest rate

D. The price of a resource depends on the allocation of property rights

E. The price of a resource is efficient as long as all user costs are internalized

11. Transferable permits are likely to result in less inefficiency, relative to a pollution tax, when...

A. The marginal costs of damage are steep and the marginal costs of pollution reduction are relatively stable

B. The marginal costs of damage are steep and the marginal costs of pollution reduction are steep

C. The marginal costs of damage are relatively stable and the marginal costs of pollution reduction are relatively stable

D. The marginal costs of damage are relatively stable and the marginal costs of pollution reduction are steep

E. The marginal costs of damage are elastic and the marginal costs of pollution reduction are also elastic

12. Which one of the following statements is false regarding a transferable pollution permit system?

A. Each firm will operate in an economically efficient manner

B. Total pollution levels in a region can be set by the government

C. The price of a permit will vary with changes in technology

D. The system is preferable to a pollution tax in all situations

E. Social benefits can be maximized

13. If a large percentage of people in a country are young, this is a sign that ...

A. The country has significant population momentum

B. The country is in the first stage of the demographic transition

C. The country’s population will shortly stabilize

D. The country’s population is declining

E. The country is in the last stage of the demographic transition

14. Which one of the following statements about the demographic transition theory is false?

A. Population levels are relatively stable in the first and last stages of the demographic transition

B. The demographic transition theory states that death rates will decrease before birth rates decrease

C. Many industrial countries have entered the third or fourth stage of the demographic transition

D. The demographic transition process has occurred at very different rates in different parts of the world

E. The demographic transition theory suggests that continued exponential population growth is possible with constant economic growth

15. Which one of the following policies would not reduce water use?

A. Full marginal-cost pricing

B. Microirrigation technology

C. Reusing wastewater for industrial uses

D. Subsidizing irrigation systems

E. Removing water subsidies

16. Which one of the following statements is false?

A. Carbon dioxide is a stock pollutant

B. Without the natural greenhouse effect, life could exist on earth

C. The atmosphere is an example of a global commons

D. Global carbon dioxide concentrations in the atmosphere have increased since the Industrial Revolution

E. Global climate change results from ozone layer depletion

17. Which one of the following statements regarding carbon taxes is false?

A. Carbon taxes would have the most impact on coal prices

B. Carbon taxes would reduce negative environmental externalities

C. Carbon taxes would not set the exact level of carbon emissions

D. The effect of a carbon tax depends on the elasticity of demand for fossil fuels

E. A revenue-neutral carbon tax implies an increase in income taxes and/or other taxes

18. The elasticity of demand for carbon-based fuel sources is ...

A. Low in the short term but higher in the long term

B. High in the short term but lower in the long term

C. High in both the long and short term

D. Low in both the long and short term

E. Zero in the short term and positive in the long term

19. Which one of the following statements is false?

A. The World Bank currently screens all projects for potential environmental impacts.

B. World Bank loans are often coupled with grants from other organizations

C. World Bank funding for environmental projects has steadily increased since 1994

D. World Bank projects include both a ‘brown’ and a ‘green’ agenda

E. World Bank loans must eventually be repaid

20. Which one of the following statements is true?

A. Strong sustainability assumes that most resources can be substituted for one another

B. Strong sustainability is easier to achieve that weak sustainability

C. Instituting strong sustainability would require extensive government intervention in markets

D. Strong sustainability is supported by traditional economic theory

E. Strong sustainability dictates that no non-renewable resources be used

In the article by David Barboza, How China Built ‘iPhone, NY Times, December 29, 2016, to win Apple’s contract manufacturer after the first iPhone rolled out, many Chinese governments did the following:
a. Officials from various regions camped out at hotels in Zhengzhou, where Foxconn had its main operations.
b. Zhengzhou created a special economic zone for the project and provided a $250 million loan to Apple.
c. The Shenzhen government saw the factory as a huge opportunity for development in an area that had been bypassed by China’s boom, and officials wanted to rebrand a place derided as a source of migrant laborers and unfairly tarnished as a land of thieves and counterfeiters.
d. The Zhengzhou government also pledged to spend more than $10 billion to build a new airport, just a few miles away from the factory.
e. Zhengzhou City officials lavished money and favorable investment terms on Foxconn, and they promised discounted energy and transportation costs, lower social insurance payments, and more than $1.5 billion in grants for the construction of factories and dormitories that could house hundreds of thousands of workers.



In the article by David Barboza, An iPhone’s Journey, From the Factory Floor to the Retail Store, NY Times, December 29, 2016, the factory that builds iPhone is described as all the following, except
a. The operation does what is called F.A.T.P., or final assembly, testing and packaging.
b. Roughly 350 iPhones can be produced each minute in the factory of Foxconn, Zhengzhou.
c. There are 94 production lines at the Zhengzhou manufacturing site, and it takes about 400 steps to assemble the iPhone, including polishing, soldering, drilling and fitting screws.
d. After the iPhone rolls off the assembly line, it is placed in a sleek white fiberboard box, wrapped and put on a wooden pallet, and then wheeled out to waiting trucks.
e. Foxconn’s facilities in Zhengzhou cover 2.2 square miles and can employ up to 350,000 workers, many of whom earn about a third of the minimum wage of NY workers.


In the article by Matthew Campbell, Is Emirates Airline Running Out of Sky? BloombergBusinessweek, ‎January‎ ‎05‎, ‎2017‎, Emirates’ superconnector model faces which of the following challenges?
a. In Istanbul, an airport that may be as large as Dubai World Central is under construction and could eventually allow Turkish Airlines to become a global challenger.
b. In Beijing, Shanghai, and Guangzhou, the major Chinese airlines are using the same geographic advantages to expand, as the passengers from Europe and America are directed to the Chinese cities then redirect them to their destinations in Asia or other parts of the world.
c. The superconnector model itself might fall apart, as the proliferation of lighter, fuel-efficient jets such as the Boeing 787 are making maximum long-haul routes which are less than 4,000 nautical miles between smaller cities economical, reducing the role for megahubs of all stripes.
d. Qantas airlines is using the same geographic advantages to expand, cloning the “superconnector” model pioneered in Dubai.
e. United Airlines use its hubs in Denver and Chicago as superconnector model, and its strategy works out very well.



In the article by Matthew Campbell, Is Emirates Airline Running Out of Sky? BloombergBusinessweek, ‎January‎ ‎05‎, ‎2017‎, the major international hurdles may include the following:
a. The bigger threat may lie in the U.S., the world’s most lucrative travel market, where Emirates has been expanding aggressively, and in China, the world fastest growing air travel market.
b. The challenges from around the world major markets claim that Emirates make the world less hospitable.
c. The U.S. Big Three are intensifying a lobbying campaign against Emirates.
d. The major Europe airlines argue that deep-pocketed foreigners are threatening local jobs by flooding the market with subsidized capacity.
e. The U.S. airlines, including Big Three, JetBlue and Alaska Airlines are lobbying against Emirates and many other foreign airlines, seeking to curtail their access to American airports unless “unfair subsidies” are eliminated.



In the article by David Barboza, How China Built ‘iPhone, NY Times, December 29, 2016, Apple has experienced the following with the Chinese regulators and authorities:
a. Apple is now engaged in the corporate version of shuttle diplomacy with Mr. Trump in New York, part of an effort to gain support from the incoming administration.
b. The Chinese authorities fined the technology giant for failure to fully pay its taxes.
c. Apple’s Cook will be on good-will tour in China in the near future to mend its relationships with the Chinese authority.
d. Regulators shut down Apple’s Store last spring, just six months after the services were introduced in China.
e. Apple went through a national security review in China for the iPhone 7, delaying its release in the country.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in